Katy Perry To Launch Own Record Label

The future of the music industry might be in some serious flux right now, but that won't stop Katy Perry from jumping in with her own label. The platinum-selling songstress will attempt to bestow her Midas touch to others with an imprint that she's designing, possibly under the umbrella of EMI/Capitol, her current home.

Perry's own rise to stardom was particularly obstacle-strewn, from being rejected by labels to striking out with her squeaky-clean debut album. With her own yet-to-be-named label, Perry states "I'm going to try and avoid the things that take away any fighting chance for an artist to have financial success. As people are coming to me with opportunities, I'm thinking, 'How would I want to be treated?'" Like a firework, obviously. [Rolling Stone]